Even After Rising 7.5% This Past Week, Sinclair (NASDAQ:SBGI) Shareholders Are Still Down 73% Over the Past Five Years
Even After Rising 7.5% This Past Week, Sinclair (NASDAQ:SBGI) Shareholders Are Still Down 73% Over the Past Five Years
Some stocks are best avoided. It hits us in the gut when we see fellow investors suffer a loss. For example, we sympathize with anyone who was caught holding Sinclair, Inc. (NASDAQ:SBGI) during the five years that saw its share price drop a whopping 79%. But it's up 7.5% in the last week.
有些股票最好避免。看到其他投资者遭受损失,我们感到内心郁闷。例如,在过去五年中,辛克莱公司(纳斯达克代码:SBGI)的股价暴跌了79%,我们对持有该公司股票的任何人表示同情。但在上周上涨了7.5%。
The recent uptick of 7.5% could be a positive sign of things to come, so let's take a look at historical fundamentals.
最近的7.5%上涨可能是未来局势的积极信号,因此让我们看一下历史基本面。
Sinclair wasn't profitable in the last twelve months, it is unlikely we'll see a strong correlation between its share price and its earnings per share (EPS). Arguably revenue is our next best option. Shareholders of unprofitable companies usually desire strong revenue growth. As you can imagine, fast revenue growth, when maintained, often leads to fast profit growth.
辛克莱过去十二个月没有盈利,因此其股价和每股收益(EPS)之间的强相关关系不太可能。营业收入可能是我们的下一个最佳选择。亏损公司的股东通常希望营业收入强劲增长。很明显,快速的营业收入增长(如果保持),通常会导致快速利润增长。在过去五年中,辛克莱的营业收入每年下降了4.0%。这不是投资者通常想看到的。股价下跌了12%(每年,在过去五年中)提醒我们,亏损公司预期增长营业收入。购买亏损钱并且收入不增长的公司的股票需要某种心理韧性(或鲁莽)。这并不是我们所知道的成功投资者的真正目标。
In the last five years Sinclair saw its revenue shrink by 4.0% per year. That's not what investors generally want to see. The share price fall of 12% (per year, over five years) is a stern reminder that money-losing companies are expected to grow revenue. It takes a certain kind of mental fortitude (or recklessness) to buy shares in a company that loses money and doesn't grow revenue. That is not really what the successful investors we know aim for.
在过去五年中,辛克莱的股票价格下跌了12%(每年),这是对亏损公司预期增长营业收入的严重警告。购买亏损钱且收入不增长的公司股票需要某种心理韧性(或鲁莽)。这并不是我们所知道的成功投资者的真正目标。
The graphic below depicts how earnings and revenue have changed over time (unveil the exact values by clicking on the image).
下面的图表显示了收益和营收随时间的变化情况(通过单击图像揭示确切的值)。
![earnings-and-revenue-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240627/0-316a64da7c6553244c198c52bbde75ee-0-9acde42166e3d3aa9de471c7c72bfeb9.png/big)
We like that insiders have been buying shares in the last twelve months. Having said that, most people consider earnings and revenue growth trends to be a more meaningful guide to the business. If you are thinking of buying or selling Sinclair stock, you should check out this free report showing analyst profit forecasts.
我们喜欢看到内部人员在过去十二个月中购买了股票。即便如此,大多数人认为盈利和营收增长趋势是业务的更有意义的指南。如果您正在考虑购买或出售辛克莱股票,则应查看此免费报告,以显示分析师的利润预测。
What About Dividends?
那么分红怎么样呢?
When looking at investment returns, it is important to consider the difference between total shareholder return (TSR) and share price return. Whereas the share price return only reflects the change in the share price, the TSR includes the value of dividends (assuming they were reinvested) and the benefit of any discounted capital raising or spin-off. So for companies that pay a generous dividend, the TSR is often a lot higher than the share price return. In the case of Sinclair, it has a TSR of -73% for the last 5 years. That exceeds its share price return that we previously mentioned. The dividends paid by the company have thusly boosted the total shareholder return.
在考虑投资回报时,重要的是考虑总股东回报(TSR)和股票回报之间的差异。 TSR包括任何剥离或折让的资本筹集(基于股息被重新投资的假设),以及任何股息。因此,对于支付慷慨的股息公司而言,TSR通常比股票回报高得多。就中国神威药业集团而言,其TSR在过去5年中达到了75%。这超过了我们之前提到的股票回报。该公司支付的股息已经提高了总股东回报。总股东回报和股票回报与股票价格的变化仅反映股票价格的变化相比,TSR包括股息(假设它们已被再投资)的价值以及任何折扣的股本筹集或分拆的好处。因此,对于支付丰厚股息的公司,TSR通常比股票价格回报要高得多。对于辛克莱公司而言,过去5年的TSR为-73%。这超过了我们之前提到的股价回报。该公司支付的股息因此提高了总股东回报。
A Different Perspective
不同的观点
While the broader market gained around 25% in the last year, Sinclair shareholders lost 6.2% (even including dividends). However, keep in mind that even the best stocks will sometimes underperform the market over a twelve month period. However, the loss over the last year isn't as bad as the 12% per annum loss investors have suffered over the last half decade. We would want clear information suggesting the company will grow, before taking the view that the share price will stabilize. I find it very interesting to look at share price over the long term as a proxy for business performance. But to truly gain insight, we need to consider other information, too. To that end, you should learn about the 4 warning signs we've spotted with Sinclair (including 1 which is a bit concerning) .
尽管包括股息在内,辛克莱公司的股东在过去一年中亏损了6.2%,而股票市场总体上涨了约25%。然而,请记住,即使最好的股票有时也会在十二个月内表现不佳。尽管如此,过去一年的亏损不像投资者在过去半个世纪中所遭受的每年12%的亏损那么糟糕。在我们认为股票价格将稳定之前,我们需要清楚的信息表明公司将增长。我认为,长期股票价格作为业务表现的代理是非常有趣的。但是为了真正获得洞察力,我们需要考虑其他信息。因此,您应该学习有关Sinclair(其中包括令人有些担忧的情况之一)的4个警告信号。
There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of undervalued small cap companies that insiders are buying.
还有很多其他的公司,公司的内部人士正在购买股票。你可能不想错过这个免费的小市值公司的低估列表。
Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on American exchanges.
请注意,本文所引述的市场回报反映了目前在美国交易所上市的股票的市场加权平均回报。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
对本文有反馈?关于内容有所顾虑?直接和我们联系。或者,发送电子邮件至editorial-team (at) simplywallst.com。
这篇文章是Simply Wall St的一般性文章。我们根据历史数据和分析师预测提供评论,只使用公正的方法论,我们的文章并不意味着提供任何金融建议。文章不构成买卖任何股票的建议,也不考虑您的目标或您的财务状况。我们的目标是带给您基本数据驱动的长期关注分析。请注意,我们的分析可能不考虑最新的价格敏感公司公告或定性材料。Simply Wall St没有任何股票头寸。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
对本文有反馈?关于内容有所顾虑?直接和我们联系。或者发送电子邮件至editorial-team@simplywallst.com。